The Recent Drop in Aptos (APT) Has Created Buying Volatility! Is The Market Headed For A Rebound?

The Aptos token’s price has fluctuated wildly in recent hours, sparking a selling frenzy that’s been blamed on prolonged network outages. Since the network is stable again, there has been a surge in demand for APT, and the price is expected to recover from its recent low point. Plus, the market attitude is now favoring buyers as current on-chain indications are strong.

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There is a Positive Slope in the CVD Ratio

Coinglass data shows that after the drop in Aptos value, long position investors rushed to unload their holdings, with the sale of about $100k worth of long positions adding to the downward trend. Since the network has stabilized and the price has recovered from its low of $4.7, there has been a marked increase in the accumulation and active buying of APT tokens.

In turn, this increased interest in future trades was reflected in the OI data, which increased from $85 million to $88 million in the preceding hours. Meanwhile, the CVD spot has been trending northward at a positive slope, rising to a current price of -1.146.

This is a trader’s dream scenario, with no room for hesitation. If the CVD line is sloping upwards, it means that demand for the asset is growing and that there are opportunities to make a purchase.

However, if the CVD line is sloping downward, it indicates that there are more sellers than buyers. This typically signals a selling opportunity, and traders react by looking for signs that it will continue.

Recently, the long/short ratio has increased and is now at 1.0346. With 51% of traders holding long positions, the market appears to be tilting in favor of buyers. Positive financing rates also helped intraday traders, which bolstered the support levels.

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Next Steps For the APT Price

Recently, the price of APT pushed beyond the bearish trendline after a strong recovery from the $4.7 support level. However, bulls were willing to sell into rallies, as shown by the candlestick’s long wick. At the time of writing, the Aptos price is $5, up over 0.9% from the previous day’s closing price.

There is a loss of positive momentum as the RSI falls below 50 and the price struggles to maintain its position above the 20-day EMA.

The possibility presents itself for bears to launch a rally, sending the price down below the $4.7 support level. If this is achieved, further gains above the EMA200 trend line are likely doomed. Therefore, the price of APT could fall to the $3.1-$3.5 bearish zone.

If, however, the market makes a strong bullish reversal and surges above the EMA200 trend line, this bearish scenario will be put to the test. Therefore, at $5.7, APT price may try to see how patient purchasers may be.

Where to Trade APTUSDT Futures?

How to Trade APTUSDT Futures on BTCC ?

To trade APTUSDT Futures on BTCC, follow these simple steps:

• Create an account

Go to the BTCC website and fill out the registration form with the necessary details. Finish the checks to make sure you’re in line with the stock exchange’s rules.

• Deposit funds

Fund your BTCC wallet once your account has been created and verified. You can fund your BTCC account with a number of different cryptocurrencies and fiat currencies.

• Navigate to the crypto trading section

You can begin trading on the BTCC platform as soon as your account has been funded. Find the crypto exchange rate, which is written as crypto/Bitcoin (BTC) or crypto/US Dollar (USDT) depending on the other pairs available.s.

• Choose your trading type

Both spot trading and futures trading are available through BTCC. If you want to purchase or sell crypto tokens at the current market price, you may want to investigate spot trading. If you’d rather trade crypto with leverage and speculate on its price movements, you can do so with crypto Futures.

• Place your trade

After deciding which type of deal you want to make, you can enter the amount of crypto you like to buy or sell, as well as your preferred price (if necessary). If everything checks out, go ahead and make the deal.

• Monitor and manage your trades

Be sure to monitor your crypto holdings on the BTCC exchange. To limit losses and protect gains, you can use stop-loss and take-profit orders. It is also important to keep up with the latest crypto market trends and news if you want to successfully trade this cryptocurrency.

Before becoming involved in any kind of trading, make sure you’ve done your homework. Due to the extreme volatility of the cryptocurrency markets, it is crucial to have a well-defined trading strategy and risk management framework in place. To successfully trade crypto on the BTCC market and take advantage of the chances it provides, follow these procedures and keep yourself updated.

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